Selbyville, Delaware, Dec. 09, 2020 (GLOBE NEWSWIRE) -- According to credible sources, worldwide telecom electronic manufacturing services market was worth USD 155.7 billion in 2019 and is projected to grow with a CAGR of 7% over 2020-2027. The growth is credited to surging demand for mobile phones, smart electronic devices, and other telecom products.
As per the study, worldwide telecom electronic manufacturing services industry is scrutinized based on services terrain, while emphasizing on the regional markets to provide vital insights to the readers. A thorough analysis of various industry partakers is conducted, wherein service profile of these companies along with their operational areas and revenue stake are covered. Innovative product launches, acquisitions, partnerships, and collaborations conducted by these players to amplify their profits are also explored in the report.
As per the data by Statista, total smartphone users across the globe were 2.9 billion in 2018, and the number is estimated to reach 3.8 billion by the year 2021. Also, 74% adults in the United States owned a desktop/laptop in 2019.
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Similarly, Mobile Advertising Forecasts 2017 by Zenith cites that 66% individuals adopted smart phones in 2018 as compared to 58% in 2016. It further indicates that in Asia Pacific region, China had 1.3 billion smart phone users, while India had 530 million users.
These statistics indicate increasing penetration of smart phones and laptops, which along with soaring sales of consumer electronics is boosting the demand for EMS, hence stimulating global telecom electronic manufacturing services market outlook.
It is to be noted that companies providing electronic manufacturing services offer designing, manufacturing, and assembling of test electronic components and PCBs (printed circuit boards) for original equipment manufacturers (OEMs). They also leverage additional onsite services like PCB etching and indulge in assembly of various telecommunication & wireless technologies, including RFID (radio frequency identification devices).
On the downside though, high manufacturing cost is the key restraint arresting the remuneration scale of global telecom electronic manufacturing services (EMS) industry.
Outlining market segmentations:
Based on services terrain, telecom electronic manufacturing services market landscape is classified into supply chain management, electronic manufacturing, electronics assembly, and electronic design & engineering.
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Elaborating regional spectrum:
As per seasoned experts, North America telecom electronic manufacturing services industry amassed substantial revenues in the recent past and is expected to showcase similar growth trends over 2020-2027, on account of low labor cost leading to rising establishment of electronic production units in the region.
Global Telecom Electronic Manufacturing Services (EMS) Market by Service Type (Revenue, USD Billion, 2017-2027)
- Electronics Assembly
- Electronic Design & Engineering
- Electronic Manufacturing
- Supply Chain Management
- Others
Global Telecom Electronic Manufacturing Services (EMS) Market Regional Outlook (Revenue, USD Billion, 2017-2027)
Latin America
- Brazil
- Mexico
North America
- Canada
- United States
Asia Pacific
- South Korea
- Australia
- Japan
- India
- China
- Rest of APAC
Europe
- Italy
- Spain
- France
- Germany
- United Kingdom
- Rest of Europe
Rest of the world
Global Telecom Electronic Manufacturing Services (EMS) Market Competitive Hierarchy (Revenue, USD Billion, 2017-2027)
- Plexus Corporation
- Jabil Inc.
- Hon Hai Precision Industry Co. Ltd.
- Flex Ltd. (formerly Flextronics)
- Fabrinet
- Creation Technologies LP
- Compal Electronics Inc.
- Celestica Inc.
- Benchmark Electronics Inc.
- Altadox Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Telecom Electronic Manufacturing Services (EMS) Market, by Region, 2018-2027 (USD Billion)
1.2.2. Telecom Electronic Manufacturing Services (EMS) Market, by Services, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Telecom Electronic Manufacturing Services (EMS) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Telecom Electronic Manufacturing Services (EMS) Market Dynamics
3.1. Telecom Electronic Manufacturing Services (EMS) Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Telecom Electronic Manufacturing Services (EMS) Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Telecom Electronic Manufacturing Services (EMS) Market, by Services
5.1. Market Snapshot
5.2. Global Telecom Electronic Manufacturing Services (EMS) Market by Services, Performance - Potential Analysis
5.3. Global Telecom Electronic Manufacturing Services (EMS) Market Estimates & Forecasts by Services 2017-2027 (USD Billion)
5.4. Telecom Electronic Manufacturing Services (EMS) Market, Sub Segment Analysis
5.4.1. Electronic design & engineering
5.4.2. Electronics assembly
5.4.3. Electronic manufacturing
5.4.4. Supply chain management
5.4.5. Others
Chapter 6. Global Telecom Electronic Manufacturing Services (EMS) Market, Regional Analysis
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Global telecom electronic manufacturing services (EMS) market to record 7% CAGR through 2027 - GlobeNewswire
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